----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com> To: <lbo-talk at lists.panix.com> Sent: Friday, October 12, 2001 7:50 PM Subject: Re: Cockburn: Can war save the economy?
> Chris Kromm quoted Alexander "Ace" Cockburn:
>
> >Obit writers for the great boom of 1995-2000 usually avert their eyes
from
> >the fact despite all the exuberance of those giddy years, in terms of
growth
> >of gross domestic product, of per capita GDP, wages and productivity the
> >Nineties did worse than the Eighties and the Eighties worse than the
> >Seventies.
>
> I'm guessing Ace, as he was calling himself last year, cribbed this
> from Robert Brenner, who lurks here, but this isn't exactly true.
>
> ANNUAL AVERAGE GROWTH RATES (U.S.)
>
> GDP labor real hourly
> per cap productivity wage
> 1900-10 2.5% 1.6% 1.3%
> 1910-20 0.0% 2.4% 2.7%
> 1920-30 1.4% 2.0% 1.4%
> 1930-40 2.0% 2.3% 1.7%
> 1940-50 4.1% 2.4% 2.5%
> 1950-60 1.6% 2.5% 2.7%
> 1960-70 2.9% 2.6% 1.7%
> 1970-80 2.1% 2.0% 0.2%
> 1980-90 2.3% 1.5% -0.8%
> 1990-2000 2.3% 1.9% 0.2%
>
>